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Newt Gingrich Net Worth

Politician · More Stars

Newt Gingrich
Photo: Gage Skidmore from Surprise, AZ, United States of America · Wikimedia Commons · CC BY-SA 2.0
Estimated net worth
$12M

Quick facts

Born1943

ProfessionPolitician

NationalityAmerican

CategoryMore Stars

Background and career

Newton Leroy Gingrich (; né McPherson; born June 17, 1943) is an American politician who served as the 50th speaker of the United States House of Representatives from 1995 to 1999. A member of the Republican Party, he was the U.S. representative for Georgia's 6th congressional district serving north Atlanta and nearby areas from 1979 until his resignation in 1999. In 2012, Gingrich unsuccessfully ran for the Republican nomination for president of the United States. In the 1970s, Gingrich was a professor of history and geography at West Georgia College (what is now the University of West Georgia). He won election to the U.S. House of Representatives in November 1978, the first Republican in the history of Georgia's 6th congressional district to do so. He served as House minority whip from 1989 to 1995. A co-author and architect of the "Contract with America", Gingrich was a major leader in the Republican victory in the 1994 congressional election. In 1995, Time named him "Man of the Year" for "his role in ending the four-decades-long Democratic majority in the House". As House Speaker, Gingrich oversaw passage by the House of welfare reform in 1996 and a capital gains tax cut in 1997. Gingrich played a key role in multiple government shutdowns, and impeached President Bill Clinton on a party-line vote in the House. A disappointing showing by Republicans in the 1998 congressional elections, a reprimand from the House for Gingrich's ethics violation, and pressure from Republican colleagues resulted in Gingrich announcing that he would not run for the speakership in the upcoming Congress, and he resigned from the House on January 3, 1999, the same day his term as speaker ended. Since leaving the House, Gingrich has remained active in public policy debates and worked as a political consultant. He founded and chaired several policy think tanks, including American Solutions for Winning the Future and the Center for Health Transformation. Gingrich ran for the Republican nomination for president in the 2012 election, and was considered a potential frontrunner at several points in the race. Despite a late victory in the South Carolina primary, Gingrich was ultimately unable to win enough primaries to sustain a viable candidacy. He withdrew from the race in May 2012, and endorsed eventual nominee Mitt Romney. Gingrich later emerged as a key ally of President Donald Trump, and was reportedly among the finalists on Trump's short list for running mate in the 2016 election. Since 2020, Gingrich has supported Trump's false claims of a stolen election and of voter fraud in the 2020 presidential election.

Gingrich was born as Newton Leroy McPherson at the Harrisburg Hospital in Harrisburg, Pennsylvania, on June 17, 1943. His mother, Kathleen "Kit" (née Daugherty; 1925–2003), and biological father, Newton Searles McPherson (1923–1970), married in September 1942, when she was 16 and McPherson was 19. The marriage fell apart within days. He is of English, German, Scottish and Irish descent. In 1946, his mother married Robert Gingrich (1925–1996), who adopted him. Robert Gingrich was a career Army officer who served tours in Korea and Vietnam. In 1956, the family moved to Europe, living for a period in Orléans, France, and Stuttgart, Germany. From his mother, Gingrich has three younger half-siblings, Candace Gingrich, Susan Gingrich, and Roberta Brown. Gingrich was raised in Hummelstown (near Harrisburg) and on military bases where his adoptive father was stationed. The family's religion was Lutheran. He also has a half-sister and half-brother, Randy McPherson, from his biological father's side. In 1960 during his junior year in high school, the family moved to Georgia at Fort Benning. In 1961, Gingrich graduated from Baker High School in Columbus, Georgia, where he met, and later married, his math teacher. He had been interested in politics since his teen years. While living with his family in Orléans, France, he visited the site of the Battle of Verdun and learned about the sacrifices made there and the importance of political leadership.

Gingrich received a Bachelor of Arts degree in history from Emory University in Atlanta in 1965. He went on to graduate study at Tulane University, earning an M.A. (1968) and a PhD in European history (1971). He spent six months in Brussels in 1969–1970 working on his dissertation, Belgian Education Policy in the Congo 1945–1960. Gingrich received deferments from the military during the years of the Vietnam War for being a student and a father. In 1985, he stated, "Given everything I believe in, a large part of me thinks I should have gone over." In 1970, Gingrich joined the history department at West Georgia College, where he spent "little time teaching history." He coordinated a new environmental studies program and was moved from the history to the geography department by 1976. During his time in the college, he took unpaid leave three times to run for the U.S. House of Representatives, losing twice before leaving the college. Serving professors were not allowed under the rules of the university system to run for office. He left the college in 1977 after being denied tenure.

Gingrich was the southern regional director for Nelson Rockefeller in the 1968 Republican primaries.

In 1974, Gingrich made his first bid for political office as the Republican candidate in Georgia's 6th congressional district in north-central Georgia. He lost to 20-year incumbent Democrat Jack Flynt by 2,770 votes. Gingrich's relative success surprised political analysts. Flynt had never faced a serious challenger; Gingrich was the second Republican to ever run against him. He did well against Flynt, although 1974 was a disastrous year for Republican candidates nationally due to fallout from the Watergate scandal of the Nixon administration. Gingrich sought a rematch against Flynt in 1976. While the Republicans did slightly better in the 1976 House elections than in 1974 nationally, the Democratic candidate in the 1976 presidential election was former governor of Georgia Jimmy Carter. Carter won more than two-thirds of the vote in his native Georgia. Gingrich lost his race by 5,100 votes. As Gingrich primed for another run in the 1978 elections, Flynt decided to retire. Gingrich defeated Democratic state senator Virginia Shapard by 7,500 votes. Gingrich was re-elected five times from this district, before it was modified by redistricting. He faced a close general election race once—in the House elections of 1990—when he won a narrow 974 vote victory over Democrat David Worley in the general. Although the district was trending Republican at the national level, conservative Democrats continued to hold most local offices, as well as most of the area's seats in the General Assembly, well into the 1980s. In 1992, Gingrich faced a primary challenge from State Representative Herman Clark, which he won by just 978 votes amid ethical concerns and an anti-incumbent trend.

In 1981, Gingrich co-founded the Military Reform Caucus (MRC) and the Congressional Aviation and Space Caucus. During the 1983 congressional page sex scandal, Gingrich was among those calling for the expulsion of representatives Dan Crane and Gerry Studds. Gingrich supported a proposal to ban loans from the International Monetary Fund to Communist countries and he endorsed a bill to make Martin Luther King Jr. Day a new federal holiday.

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